Posted at: 01/28/2013 3:57 PM
Updated at: 01/28/2013 3:58 PM
By: Maricella Miranda
A handful of Supervalu executives are likely to receive golden parachutes when they leave their jobs as part of the company's recent sale.
Four executives from the Eden Prairie-based grocer likely will share nearly $23 million when they leave the company, Bloomberg reported Monday.
New York-based Cerberus Capital Management, a private investor group, agreed to acquire Supervalu’s Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market grocery stores.
The transaction, announced earlier this month, valued at about $3.3 billion.
More information about the sale can be found on Cerberus' website here.
Photo courtesy of Bloomberg.
(Copyright 2013 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)